Two types of capacitated risk-averse newsvendor models

Xitong Gongcheng Lilun yu Shijian/System Engineering Theory and Practice

Volumn 28, Issue 4, 2008, Pages 35-42

  Yang, Lei ^a   Wang, Ming Zheng ^b   Li, Wen Li ^b  

^a Tsinghua University   (China)

^b DALIAN UNIVERSITY OF TECHNOLOGY   (China)

Author keywords

Capacitity constraint; Newsvendor model; Optimal policy; Risk aversion

Indexed keywords

CONSTRAINT THEORY; MATHEMATICAL MODELS; NUMERICAL ANALYSIS; OPTIMIZATION; RISK ASSESSMENT; STRATEGIC PLANNING;

CAPACITITY CONSTRAINT; NEWSVENDOR MODEL; OPTIMAL POLICY; RISK AVERSION;

SUPPLY CHAIN MANAGEMENT;

EID: 44449160489     PISSN: 10006788     EISSN: None     Source Type: Journal    
DOI: None     Document Type: Article

References (11)

1. Porteus E. Foundations of Stochastic Inventory Theory[M]. Stanford University Press, 2002.
2. Petruzzi N, Dada M. Pricing and the newsvendor problem: A review with extensions[J]. Operations Research, 1999, 47: 183-194.
3. Dana J, Petruzzi N. Note: The newsvendor model with endogenous demand[J]. Management Science, 2001, 47: 1488-1497.
4. Carr S, Lovejoy W. The inverse newsvendor problem: Choosing an optimal demand portfolio for capacitated resources[J]. Management Science, 2000, 46: 912-927.
5. Eeckhoudt L, Gollier C, Schlesinger H. Changes in background risk and risk taking behavior[J]. Econometrica, 1996, 64(3): 683-689.
6. Agrawal V, Seshadri S. Effect of risk aversion on pricing and order quantity decisions[J]. Manufacturing and Service Operations Management, 2000, 2: 410-423.
7. Gan X, Sethi S P, Yan H. Channel coordination with a risk-neutral supplier and a downside-risk-averse retailer[J]. Production and Operations Management, 2005, 14: 80-89.
8. Artzner P, Delbaen F, Eber J M, et al. Coherant measures of risk[J]. Mathematical Finance, 1999, 9: 203-228.
9. Rockafellar R T, Uryasev S. Optimization of conditional value-at-risk[J]. Journal of Risk, 2000, 2: 21-42.
10. Rockafellar R T, Uryasev S. Conditional value-at-risk for general loss distributions[J]. Journal of Banking and Finance, 2002, 26: 1443-1471.
11. Tomlin B, Wang Y. On the value of mix flexibility and dual sourcing in unreliable newsvendor networks[J]. Manufacturing and Service Operations Management, 2005, 7: 37-57.